Default Cost definition

Default Cost means the full outstanding value of the Bond at the time Default Notice is sent to the Surety
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Default Cost shall have the meaning set forth in Section 7.17(i).
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Default Cost all of the following:
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Examples of Default Cost in a sentence

  • Default Cost Apportionment for Merged Fires (Clause 38.a.2) An incident-specific cost apportionment agreement should be considered for allocating costs between fires that involve multiple jurisdictions and have merged (burned together).

  • Default Cost Apportionment for incidents where the initial action was intended to extinguish the wildfire (Clause VI.1.D) Costs will be apportioned based on jurisdictional acres burned and the associated responsible fiscal party(ies).

  • Default Cost Apportionment for Incident Complexes (Clause 38.a.3) Costs will be attributed to each fire in the complex and apportioned as listed above.

  • Default Cost Apportionment for Non-Standard Responses (Clause 38.a.1) An incident-specific cost apportionment agreement should be considered for fires involving multiple jurisdictions that have received a non-standard initial response as defined in the AIWFMP.

  • Suppression and Non-specific Support Costs‌ Attachment Table 2-1: Suppression and Non-Specific Support Items Item Formula Default Cost Apportionment for incidents where the initial action was intended to extinguish the wildfire (Clause 38.a) Costs will be apportioned based on jurisdictional acres burned and the associated responsible fiscal party(ies).

  • Default Cost Apportionment for incidents where the initial action upon discovery is surveillance, or site specific protection (Clause 38.a) All costs incurred are attributed to the agency on whose land the fire originated and billed to the party that is fiscally responsible.

  • Default Cost Apportionment for incidents where the initial action upon discovery is surveillance, or site specific protection (Clause 38.a) All costs incurred are attributed to the agency on whose land the fire originated and billed to the fiscally responsible party.

  • Default Cost Apportionment for Non-Standard Responses (Clause 38.a.1) An incident-specific cost apportionment agreement should be considered for fires that involve multiple jurisdictions and have received a non-standard initial response as defined in the AIWFMP.

  • Name & Title: Signature & Date: CREDIT CARD ADMINISTRATION OFFICE USE ONLY Default Cost Center/Project: SE Cost Center/Project: APPROVED MCC Templates: DENIED Hierarchy: Credit Limit: $ 0.00 Processed by: Signature & Date: App ID: Special Events Approval Name: Asst.

  • Dept Mgr Name: Signature & Date: Default Cost Center*: Cost Center Title: *To be charged if payments are not completed by the monthly internal deadline.


More Definitions of Default Cost

Default Cost both the:
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Default Cost means Subservicer’s direct cost (expressed in Dollars) for default servicing and subservicing of Defaulted Mortgage Loans for each Direct Cost Period, calculated by taking into account for such Direct Cost Period the default servicing functions of Subservicer described in Exhibit “G-2”.
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Related to Default Cost

  • Default Costs means reasonable attorney's fees and remarketing costs resulting from a Lessee default or Lessor's enforcement of its remedies. DELIVERY DATE - means date of delivery of Inventory Equipment to Lessee's address.

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Default Charges Default Interest and/or late payment charges that are paid or payable, as the context may require, in respect of any Mortgage Loan or Serviced Pari Passu Companion Loan or REO Mortgage Loan.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Equipment Cost means, for any Item of Equipment, the gross amount paid by the Company to the manufacturer thereof, including all applicable sales taxes, and delivery charges as invoiced by such manufacturer to the Company.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 3.50% above the Alternate Base Rate.

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of applicable building codes, ordinances or laws, and without deduction for depreciation.

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • default fund means a default fund held by a CCP in accordance with Article 42 of Regulation (EU) No 648/2012;

  • Interest Coverage means as of the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four fiscal quarters of the Company ending on such date of determination.

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Default Excess means, with respect to any Defaulting Lender, the excess, if any, of such Defaulting Lender’s Pro Rata Share of the aggregate outstanding principal amount of Loans of all Lenders (calculated as if all Defaulting Lenders (other than such Defaulting Lender) had funded all of their respective Defaulted Loans) over the aggregate outstanding principal amount of all Loans of such Defaulting Lender.

  • Default Rate means (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if any, applicable to Base Rate Loans plus (iii) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate plus 2% per annum.

  • Interest Coverage Amount The amount to be paid by the Depositor to the Trustee for deposit into the Interest Coverage Account on the Closing Date pursuant to Section 4.08, which amount is $____________.

  • Post-Default Rate means, in respect of any principal of any Loan or any other Obligation that is not paid when due (whether at stated maturity, by acceleration, by optional or mandatory prepayment or otherwise), a rate per annum equal to four percent (4.0%) plus the Base Rate as in effect from time to time.

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Net Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower or any of its U.S. Subsidiaries in connection with such Casualty Event (net of all collection or similar expenses related thereto), but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first priority Lien permitted by clause (d) of Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Default Interest Period means for any overdue amount of the Withdrawn Loan Balance, each Interest Period during which such overdue amount remains unpaid; provided, however, that the first such Default Interest Period shall commence on the 31st day following the date on which such amount becomes overdue, and the final such Default Interest Period shall end on the date at which such amount is fully paid.”

  • Default Loan shall have the meaning provided in Section 5.2(b)(1).

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.